Profoto Holding AB (publ) (PRFO) Q1 2025 Earnings Call

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WEBVTT 00:00:01.735 -- 00:00:04.961 Good morning and welcome to Profoto's Q1 report. 00:00:04.961 -- 00:00:10.151 My name is Amanda Åström and today I have with me our CEO Anders Hederbark 00:00:10.151 -- 00:00:12.993 and our acting CFO 00:00:13.358 -- 00:00:18.508 Linus Marmstedt. I will now hand over to Anders who will start 00:00:18.508 -- 00:00:22.019 off by giving you a summary for the quarter. 00:00:22.019 -- 00:00:27.194 Good morning, everyone. Sorry that we are late, but now we're on, so I'm very happy to 00:00:27.194 -- 00:00:32.730 speak to you all, and I hope that you can hear good the voice 00:00:32.730 -- 00:00:36.987 of me. Otherwise, please send in the group chat. 00:00:36.987 -- 00:00:43.711 Anyway, welcome. First, the summary of the first quarter 2025. 00:00:44.654 -- 00:00:49.999 We displayed the report April 15th, and the Q1 results is in accordance 00:00:49.999 -- 00:00:55.363 with the preliminary figures that we published in April. 00:00:55.363 -- 00:01:00.808 Net sales decreased by 4% to 164 million Swedish 00:01:00.808 -- 00:01:06.518 crowns. That is a negative organic growth with 5%. 00:01:06.518 -- 00:01:11.696 we see a significant decline in US demand 00:01:11.696 -- 00:01:16.755 and US sales. And that is the most important explanation of the decrease in 00:01:16.755 -- 00:01:21.933 sales. Consequently EBIT was 17 million, 00:01:21.933 -- 00:01:27.303 that is compared with 34 million last year, and an EBIT margin 00:01:27.303 -- 00:01:32.950 of 10%. This is not a satisfying effect 00:01:33.355 -- 00:01:39.307 of the sales, but it's also affected by the negative currency effects. 00:01:39.307 -- 00:01:44.527 and Linus will explain more to that. So we will spend quite a lot of time on 00:01:44.527 -- 00:01:49.246 explaining the report and that...